Topline Norfolk Southern CEO Alan Shaw said Thursday he was “deeply sorry” for the impact of the derailment of a train carrying toxic materials last month in East Palestine, Ohio, and conceded the tra...
Tag: Standards
India Implements AML Standards on Crypto
In a move that is not entirely surprising, the Indian government has implemented anti-money laundering (AML) standards on crypto. The Ministry of Finance published a notification in The Gazette of Ind...
G20 To Establish Standards For Global Crypto Regulatory Framework
It was announced on February 25 by the group of the 20 largest economies in the world, known collectively as the G20, that the Financial Stability Board (FSB), the International Monetary Fund (IMF), a...
FATF Releases Action Plan to Improve Implementation of Global Standards on Crypto
According to a study published by the Financial Action Task Force, often known as FATF, its delegates have reached a consensus on an action plan “to encourage prompt worldwide implementationR...
Crypto Sets Higher Standards for Proof of Reserves for Traditional Finance: Bybit CEO
The new norms after 2022: crypto exchanges have set a high bar in transparency with 100% verifiable proof of reserves DEXs form an important part of a healthy ecosystem by supporting medium and long-t...
Bybit CEO Advocates for Higher Standards of Proof of Reserves, Bridging the Gap Between Crypto and Traditional Finance – Cryptopolitan
The world of cryptocurrency is rapidly evolving. As the asset class continues to mature, investors are increasingly looking for ways to protect their funds and ensure transparency within exchanges. Re...
FATF urges enhanced compliance with virtual asset standards to combat crypto-based crime
Ad The Financial Action Task Force (FATF) urged countries to enhance regulation of virtual assets and ensure compliance with its 2018 standards on virtual assets. The FATF said during its latest Plen...
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards – Regulation Bitcoin News
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard...
FATF agrees on roadmap for implementation of crypto standards
The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. I...
Many Stablecoins May Not Meet the Standards of Crypto Asset Regulations: FBS
The Financial Stability Board (FSB) has revealed that many stablecoins will not meet the standards stipulated in its recommendations for crypto asset regulations that will be released later this year....
Existing Stablecoins won’t meet forthcoming global standards: FSB Chair
Many existing stablecoins would fail to meet the high-level recommendations set by global standard setters such as the FSB. The FSB, the financial regulator funded by the BIS, plans to finalize its re...
Time For SCOTUS To Set Meaningful Due-Process Standards For State UDAP Laws
WASHINGTON, D.C. – APRIL 19, 2018: The U.S. Supreme Court Building in Washington, D.C., is the seat … [+] of the Supreme Court of the United States and the Judicial Branch of government. (...
Phantom wallet adds authentication standards support to protect against phishing
Crypto wallet app Phantom introduced support for “Sign In With” (SIW) standards to improve user security and protect against phishing attacks. Phantom will provide users with necessary in...
CoinGecko And 21Shares Propose Crypto Classification Standards
CoinGecko and 21Shares recently released a report document on policy and classification standards to bridge the gap between policy makers and digital asset investors. Dubbed “The Global Crypto C...
The UK to Enforce ‘Robust’ Standards in the Crypto Industry After FTX Crash
The government of the United Kingdom is willing to strengthen the rules on the local cryptocurrency sector to prevent another adverse event like the FTX collapse. The recently-appointed Prime Minister...
86% of UK Crypto Firms Fall Short of Anti-Money Laundering Standards, FCA Reveals ⋆ ZyCrypto
Advertisement     On Friday, the UK Financial Conduct Authority (FCA) revealed that only 41 crypto firms had passed its regulatory approval scrutiny out of 300 applica...
Crypto firms face uphill battle to meet FCA standards
In a concerning discovery, a new report from the Financial Conduct Authority (FCA) reveals that a staggering 85% of cryptocurrency firms who applied for a license with the regulator failed to meet its...
South Africa adds new cryptocurrency standards to advertising code
South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South...
CFTC commissioner calls for global industry standards in crypto regulation
Caroline Pham, the Commodity Futures Trading Commission (CFTC) commissioner, has recently called on regulators to provide clearer guidance on crypto assets in 2023. In an interview with Bloomberg, Ph...
CFTC Calls for Global Standards for Crypto Regulation
The commissioner of the CFTC, Caroline Pham, recently gave an interview in which she said that there are advanced discussions and meetings regarding global crypto standards happening outside of the U....
CFTC commissioner says foreign discussions over crypto standards are underway
CFTC commissioner Caroline Pham stated that multiple countries are discussing global crypto regulations during an interview with Bloomberg on Jan. 17. Pham said that she has recently met with several ...
Oryen Network Presale Sets New Standards With dApp Release, Attracting Cosmos and Shiba Inu Whales
Oryen Network is proving to be an innovative and valuable cryptocurrency platform that has gained significant value since the start of its presale. Oryen Network has released a beta of its dApp, showi...
Central Banks To Set New Crypto Standards For Banks-BIS
From January 1, 2025, banks will be allowed to hold 2% of their reserves in cryptocurrency. New crypto standards on banks by January 2025. The Group of Twenty Nations on crypto regulations. On Decembe...
Central Banks to set standards on banks’ crypto exposure
A global standard for banks’ exposure to crypto assets has been endorsed by the Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS). T...
The FTX Meltdown Calls for Higher Standards in Crypto Journalism
Crypto journalists have already had to contend with the most aggressive financial marketing blitz of the last 20 years as startups and incumbents alike tried to capture some of the benefits of the cry...
Financial Stability Board To Set Global Standards For Crypto
Crypto regulations have been deliberated in and out of the industry. However, recent events have raised concerns about the lack of regulation on digital assets. The U.S. Securities and Exchange Commis...
FSB to lay out global standards for crypto regulation: Reports
The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023. The Financial Stability Board (FSB), an international organizat...
A Study In Double Standards
YICHANG, CHINA – DECEMBER 25, 2020 – TIKTOK has more than 100 million monthly active users in … [+] Europe, Yichang, Hubei Province, ChINA, Dec. 25, 2020.- (Costfoto/Future Publishin...
Audit Standards Overseer Also Backs Startups
Listen to article (2 minutes) An accounting trade body has invested in audit-related tech startups, while setting auditing standards and overseeing millions of audits—prompting concerns within the ind...